ETHUSD -12.5% | BTCUSD -4.1% | Global Markets in Red
Red Storm: US-China Tensions Flare Up Again
In a shocking turn of events, senior Chinese officials have signaled “strong reservations” about entering a trade pact similar to the UK deal recently struck by US President Donald Trump. The remarks came just hours after global markets cheered the UK exemption from new tariffs — but now the crypto market is hemorrhaging gains amid rising uncertainty.
“This agreement benefits one side disproportionately and is not in line with the principles of fair and equal trade,” said Liu Xiaoming, China’s Vice Minister of Commerce, in a press briefing early Friday.
ETH Takes A Beating After Monster Rally
Ethereum, which surged 25% in just one day to touch $2,300, has now plunged nearly 13% within hours of the China statement, trading at $2,000 and falling fast. Traders are rapidly de-risking as hopes of a broad global trade truce begin to unravel.
BITCOIN Also Slips — But Holds Above $100K
Bitcoin, the market bellwether, is also feeling the sting — down 4% to $100,100 after touching highs of $104,000. Analysts warn of a potential risk-off avalanche across all crypto assets if China officially walks away from the negotiation table.
Geopolitics Meets Crypto: Why This Matters
Crypto markets, historically volatile and sentiment-driven, are deeply sensitive to macroeconomic shocks. A failed US-China trade resolution would:
Reignite global risk aversion
Strengthen the dollar and hurt alternative assets
Crush short-term bullish momentum in crypto
Shake investor confidence in “safe haven” narratives
“A US-China fallout would slam risk assets from equities to crypto. Traders are already bracing for a weekend bloodbath,” warns crypto analyst Arjun Mehta of BloxEdge Capital.
WHAT’S NEXT: All Eyes on Beijing
Investors are now awaiting an official statement from China’s top trade negotiators. The White House remains silent. The weekend could be brutal.